Risk Governance in the Finance and Insurance Industry

A special issue of Risks (ISSN 2227-9091).

Deadline for manuscript submissions: closed (31 May 2024) | Viewed by 4052

Special Issue Editors


E-Mail Website
Guest Editor
1. Faculty of Business, Management and Economics, University of Latvia, LV-1586 Riga, Latvia
2. Faculty of Economics, Management and Accounting, University of Malta, MSD 2080 Msida, Malta
3. Faculty of Economics, Catholic University of the Sacred Heart, 20122 Milan, Italy
Interests: InsurTech; insurance law and regulations; financial services
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department of Finance, Zeigler College of Business, Bloomsburg University of Pennsylvania, 400 East Second Street, Bloomsburg PA 17815-1301, USA
Interests: financial services institutions and regulations; emerging markets finance; the status of women in business

Special Issue Information

Dear Colleagues,

This Special Issue aims to provide a comprehensive platform for researchers, industry professionals, and policymakers to contribute their insights and expertise concerning risk governance within the finance and insurance sectors.

In recent years, the finance and insurance industry has faced numerous challenges related to risk management and governance. Rapid technological advancements, evolving regulatory frameworks, increasing cyber threats, and the emergence of new financial instruments have introduced complexities that demand innovative risk governance approaches. This Special Issue intends to address these challenges and explore cutting-edge research and practical strategies that enhance risk governance practices in the sector.

We invite researchers and practitioners to submit original research articles, case studies, and critical review papers that shed light on various aspects of risk governance in the finance and insurance industry. Topics of interest include, but are not limited to, the following:

  • Risk identification, assessment, and mitigation strategies in financial institutions;
  • Regulatory frameworks and their impact on risk governance in the finance and insurance industry;
  • Risk culture and organizational behavior within financial and insurance institutions;
  • Emerging technologies and their role in risk governance (e.g., artificial intelligence, blockchain);
  • Cyber risk management and cybersecurity in the finance and insurance sectors;
  • The role of big data analytics and predictive modeling in risk governance;
  • Corporate governance and risk management in financial institutions;
  • Ethical considerations in risk governance practices;
  • Risk governance challenges in emerging markets and developing economies;
  • Case studies and best practices in risk governance within the finance and insurance industry.

Prof. Dr. Ramona Rupeika-Apoga
Prof. Dr. Pierpaolo Marano
Prof. Dr. Victoria Geyfman
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Risks is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • risk governance
  • finance industry
  • insurance industry
  • risk management
  • regulatory frameworks
  • cybersecurity
  • technological advancements
  • financial instruments
  • organizational behavior
  • emerging technologies
  • artificial intelligence
  • blockchain
  • big data analytics
  • predictive modeling
  • corporate governance
  • ethical considerations

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue polices can be found here.

Published Papers (2 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

13 pages, 379 KiB  
Article
Key Determinants of Corporate Governance in Financial Institutions: Evidence from South Africa
by Floyd Khoza, Daniel Makina and Patricia Lindelwa Makoni
Risks 2024, 12(6), 90; https://doi.org/10.3390/risks12060090 - 30 May 2024
Viewed by 1533
Abstract
The purpose of this study was to examine the key determinants of corporate governance in selected financial institutions. Using South African financial institutions as a unit of analysis, namely insurance companies and banks, the study employed a panel generalised method of moments (GMM) [...] Read more.
The purpose of this study was to examine the key determinants of corporate governance in selected financial institutions. Using South African financial institutions as a unit of analysis, namely insurance companies and banks, the study employed a panel generalised method of moments (GMM) model using a data set for the period from 2007 to 2020, to assess key determinants of corporate governance proxies identified for the study. The study sampled 21 South African financial institutions composed of Johannesburg Securities Exchange (JSE) listed and unlisted banks and insurance companies. To measure corporate governance, the study developed a composite index employing the principal components analysis (PCA) method. The findings revealed a positive and significant association between the corporate governance index and its lagged variables. Furthermore, a significant and positive link was found between the efficiency ratio and corporate governance index and capital adequacy ratio (CAR); corporate governance index and firm size; corporate governance index and leverage ratio (LEV); and corporate governance index and return on assets (ROA). However, a negative and significant correlation was found between financial stability and the corporate governance index. The link between return on equity (ROE) and corporate governance was insignificant. A small cohort of financial institutions was excluded because it was challenging to obtain complete annual reports to extract the required data. The study was limited to only five corporate governance measures, namely board diversity, board size, board composition (independent non-executive directors and non-executive directors), and board remuneration. The findings are anticipated to persuade developing countries to pay special attention to how corporate governance is measured. Full article
(This article belongs to the Special Issue Risk Governance in the Finance and Insurance Industry)
20 pages, 844 KiB  
Article
Board Response to Transnational Regulation on Corporate Governance: A Case Study on EU Banking Regulation
by Seppo Ikäheimo, Eduardo Schiehll and Vikash Kumar Sinha
Risks 2024, 12(1), 2; https://doi.org/10.3390/risks12010002 - 25 Dec 2023
Viewed by 1955
Abstract
How does a board of directors respond to stringent transnational regulations on corporate governance? We explore this question in a case study that includes interviews with key governance actors of a bank dealing with regulatory changes in the European Union (EU) initiated in [...] Read more.
How does a board of directors respond to stringent transnational regulations on corporate governance? We explore this question in a case study that includes interviews with key governance actors of a bank dealing with regulatory changes in the European Union (EU) initiated in 2010 in response to the financial crisis of 2007–2008. Our findings suggest that transnational regulations introduced a conflicting prescription to the directors, who were caught between two needs: existing local governance practices and transnational regulatory compliance. Contributing to the international corporate governance research, our findings corroborate the resistance to transnational regulations and the distrust attributable to boards of directors’ role struggles and the invasive accountability mechanisms introduced by such regulations. We, therefore, contribute to the ongoing discussion on how the conflicting layers of corporate governance—local versus global—and how the discontinuities between competing existing practices and the prescriptions of transnational regulations can provoke micro-resistance. Full article
(This article belongs to the Special Issue Risk Governance in the Finance and Insurance Industry)
Show Figures

Figure 1

Back to TopTop